Mary Louise Nunes, a director at Narragansett Bancorp, Inc., has disclosed her ownership stake in the company through a recent SEC filing. This filing is significant as it provides transparency regarding her holdings and reinforces her commitment to the institution.
Narragansett Bancorp, Inc. operates within the savings institutions sector. The company is identified by the Central Index Key (CIK) number 0002138186. It is listed under the SIC code for savings institutions, not federally chartered, which indicates its focus in the financial services industry.
According to the filing dated November 2, 2026, Nunes reported holding 1,350 shares of common stock directly and an additional 300 shares indirectly through an IRA. The filing states, "shares owned following transaction: 1350" and "shares owned following transaction: 300" for the respective holdings.
This update may impact shareholders and potential investors who are interested in the governance and ownership structure of Narragansett Bancorp. Nunes' role as a director and her significant ownership stake could influence decision-making within the company.
The filing does not say what happens next.
Ownership Details
In her filing, Nunes specified that she holds a total of 1,650 shares of common stock in Narragansett Bancorp, Inc. This includes 1,350 shares owned directly and 300 shares owned indirectly through an Individual Retirement Account (IRA). The direct ownership indicates her personal investment in the company, while the indirect ownership through the IRA suggests a long-term commitment to her investment strategy.
Company Information
Narragansett Bancorp, Inc. is identified by the trading symbol 'NARA' and operates within the savings institutions sector, specifically focusing on those not federally chartered. The company is headquartered at 330 Swansea Mall Drive, Swansea, MA, where it also conducts its business operations. The filing further confirms that the company has an Employer Identification Number (EIN) of 423540071 and a fiscal year that ends on December 31st.
"The filing underscores the importance of transparency in ownership, which can influence investor confidence and corporate governance."
Filing Context
This Form 3 filing is part of a regulatory requirement under the Securities Exchange Act of 1934, ensuring that significant stakeholders, such as directors, disclose their ownership stakes in a timely manner. Such disclosures are crucial for maintaining market integrity and informing investors about potential influences on the company's direction.
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